According to a Crunchbase News tally, over 77,000 workers have been laid off in mass job cuts in the tech sector in 2023. As this number is soon to approach last year's announced layoffs of 97,171, Chicago has implemented a new initiative that debuts a job-listing website that allows H-1B holders to explore careers and job openings from sponsoring companies in the area. Participating companies have teamed up with the city and P33, a nonprofit organization founded by former Secretary of Commerce Penny Pritzker, to help laid-off H-1B visa holders transfer to a new employer before their 60-day grace period expires.
Brad Henderson, CEO of P33, understands that this is a race against the clock for many H-1B holders who are trying to maintain their status in the United States to maintain their right to live, work and stay with their families in the U.S. According to Henderson, this initiative positions Chicago to help fill up more than 400,000 job openings in the state of Illinois with skilled workers in manufacturing, health care, finance and renewable energy sectors.
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